Hour Loop, Inc. (NASDAQ:HOUR) Short Interest Update

Hour Loop, Inc. (NASDAQ:HOUR) was the recipient of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 17,138 shares, a decrease of 78.5% from the May 31st total of 79,649 shares. Based on an average daily volume of 27,845 shares, the short-interest ratio is currently 0.6 days. Currently, 1.0% of the company’s stock are short sold.

Hour Loop Stock Down 0.6%

Shares of Hour Loop stock traded down $0.01 during trading hours on Friday, hitting $1.80. 54,002 shares of the company’s stock traded hands, compared to its average volume of 69,941. The stock has a 50 day simple moving average of $2.05 and a 200-day simple moving average of $1.94. The company has a market cap of $63.34 million, a PE ratio of 36.01 and a beta of 1.37. Hour Loop has a twelve month low of $1.24 and a twelve month high of $6.84.

Hour Loop (NASDAQ:HOUR) last released its quarterly earnings results on Tuesday, May 12th. The company reported $0.02 EPS for the quarter. The business had revenue of $29.93 million for the quarter. Hour Loop had a return on equity of 25.29% and a net margin of 1.28%.

Hedge Funds Weigh In On Hour Loop

A hedge fund recently bought a new stake in Hour Loop stock. Virtu Financial LLC purchased a new position in shares of Hour Loop, Inc. (NASDAQ:HOUR) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 14,380 shares of the company’s stock, valued at approximately $26,000. Institutional investors own 0.31% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Hour Loop from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, June 1st. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Hour Loop currently has a consensus rating of “Hold”.

About Hour Loop

Hour Loop, Inc, an online retailer, engages in e-commerce retailing in the United States. The company sells products in various categories, including home/garden décor, toys, kitchenware, apparels, and electronics products. It sells its products through hourloop.com, as well as third-party marketplaces. Hour Loop, Inc was founded in 2013 and is headquartered in Redmond, Washington.